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Neighbors Growing Together | Aug 18, 2018

Two Rivers Financial Group announces leadership changes, anticipate growth

Jan 30, 2018

BURLINGTON — The Two Rivers Financial Group, Inc. (TRFG) Board of Directors announced changes to its leadership team, which will elevate a new president and CEO at Two Rivers Bank & Trust, the culmination of a multiyear planning process that the company has undertaken in preparation for a period of expected growth.

“To make the most of the growth opportunities we see coming, a new leadership structure has been established — one that addresses the dedicated responsibilities of two highly respected, longtime leaders in our organization,” said Frank Delaney, Chair of TRFG’s board of directors.

Kent M. Gaudian, President and CEO of TRFG, who has also worked in a dual function serving as President and CEO of Two Rivers Bank & Trust, will continue his role leading the financial holding company. This move will allow him more time to focus on strategic initiatives and expanding growth opportunities for the overall organization.

Matthew Shinn, currently serving as Executive Vice President of Community Banking of Two Rivers Bank & Trust, has been promoted to President and CEO and will now oversee all banking operations. Both changes are effective January 26, 2018.

“Our clients, employees and shareholders will benefit from Kent’s continued vision and attention to growth strategies, while Matt brings robust banking experience, company knowledge and a deep commitment to the clients and communities we serve,” added Delaney.

Gaudian has been President and CEO of Two Rivers Bank & Trust since 2005. In 2014, he continued in that role, while also taking on an additional leadership role as President and CEO of Two Rivers Financial Group.

Gaudian has been in the banking industry since 1979 and began his career at West Bank in West Des Moines, Iowa. In 1983, he moved to Burlington to serve as Vice President of West Burlington Bank, where he was made President and CEO in 1988. Gaudian has also served as Chief Operating Officer of Farmers & Merchants Bank & Trust.

“I look forward to focusing my efforts on growing our business lines and feel confident there is much more success to be had in the years to come,” Gaudian said.

“I have worked closely with Matt for many years and have every confidence in his leadership. His experience and knowledge of the banking industry will help us reach the next level, and his commitment to the communities we serve demonstrates he will continue putting our customers first.”

Shinn, who has been with Two Rivers Bank & Trust since 2002, has served as Executive Vice President of Community Banking since 2015 and as Market President for 8 years. Before joining Two Rivers, Shinn was a Vice President of Commercial Banking for US Bank and Vice President of Commercial Lending for Regions Bank.

A graduate of Harding University, with a B.A. degree in business administration and economics, Shinn is active in the community and currently serves on the board of trustees for Iowa Wesleyan University and the board of directors for Grow Greater Burlington. He also serves as a Committee Chair for the Greater Burlington Partnership, United Way, and IMAGINE.

“I’m honored and excited to begin my role as President and CEO of Two Rivers Bank & Trust,” Shinn said. “We have an outstanding team in place, and I look forward to continuing to focus on strengthening core relationships in our communities, building upon the Bank’s foundation of success and continuing to add value to Two Rivers Financial Group.”

Commenting on Shinn’s appointment, Two Rivers Bank & Trust board of directors Chair Cristy Schmidt said, “While our bank leadership is changing, our commitment to the communities we serve remains the same.

“Matt will continue to put our clients first, remain a strong and trusted partner, and will lead Two Rivers Bank & Trust into our second century of business.”Two Rivers Financial Group announces leadership changes, anticipate growth

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